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The Florida Real Estate Market & Competition from Other States

Beginning in the 1920s, Florida was a However, Florida remains the dream locale
magnet for people looking for an ideal for many, many people heading towards
place to call home. For example, senior retirement and for men and women who want
citizens and retired persons started to to spend winter in a relaxing
move to Florida in ever increasing environment. Additionally, a most
numbers. The number of retired men and concerted effort is being made to
women that flocked to Florida became a stabilize and enhance the Florida real
proverbial flood after World War II. estate market.
Beyond senior citizens, there are over a First of all, there are a number of
million so-called Snow Birds that spend important efforts being made to lessen
part of the year in the Sunshine State. the property tax burden on people who
These people spend the summer months in purchase residences in the State. Indeed,
other locales. there are some constitutional amendments
Over the course of the past ten years, that have been proposed and that are
Florida has started to experience some likely to be enacted that should provide
head on competition in regard to the significant property tax relief to
recruitment of retired individuals and residents.
Snow Birds alike. A number of other In addition, more generalized efforts are
states have developed intense programs to being made to stabilize and improve the
draw retired men and women to their Florida real estate market more broadly.
states as permanent residents and have As with other states across the country,
striven to attract Snow Birds in their the Florida real estate market has taken
own right. some hits in recent years.
For example, Arizona has been on the Finally, a great deal of effort is being
forefront of developing a concerted spent on developing a system to improve
campaign to attract both retired persons the availability of more affordable
and Snow Birds into its borders over the housing. Due to the high dollar damages
course of the past decade. Indeed, the caused by natural disasters in Florida
Phoenix-Scottsdale metro-plex is the (and in some other Gulf States) the cost
fastest growing community in all of the of homeowners insurance actually has made
United States. homeownership an impossibility for some
In addition, many other Southern states men and women today.
have become residential destinations for In the end, experts who understand the
an increasing number of retirees and Snow Florida real estate market tend to agree
Birds alike. For example, a growing that improvement will be seen in the
number of men and women who might market in 2008 and beyond. Because direct
otherwise have landed in Florida are action is being taken to enhance the
settling instead in the Carolinas, state of the Florida real estate market,
Georgia and Tennessee. There are other most predict that the Sunshine State will
retiree residential destinations such as remain a residential goal for many
Branson, Missouri, that have enjoyed people.
tremendous growth.




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